The recent downturn in the economy has many people playing armchair quarterback over decisions made by the Federal Reserve during the last few years. These guys are supposed to be geniuses when it comes to economics, right? It doesn’t take a rocket scientist to recognize that there may have been errors in judgment regarding interest rates and home financing. Think you could do better than Bernanke or Greenspan? Don’t even think about bein [read the full story]
There are many similarities between the U.S. economy today and the U.S. economy of the early 1970s. I don’t need to over-elaborate on the details of the likeness of the two eras, because it’s actually the one distinct difference that is going to matter going forward.
First I would like to take a brief look into some of the similarities. In 1959 the U.S. entered the Vietnam War. The U.S. was not well versed in jungle war fare [read the full story]
The old saying “History doesn’t always repeat itself, but often rhymes”, is based more on fact than fiction. By studying the US Economic Recession History, you should better understand how current recessions may affect your financial life today.
I focus on recessions simply because they have a dramatic effect on 401k balances and investments in general. During the last recession, which was officially from March of 20 [read the full story]
